Iron ore coke coal ** last limit

No matter whether it is Tailai, the black industrial chain varieties that were previously weak have changed their trend, coke and coking coal have reached daily limit, iron ore has also closed daily limit, and rebar has also risen by 2.53%. However, some analysts believe that the short-term rebound is only caused by short-term profit taking off the market, the market has not yet clearly a strong upward signal.

At the close yesterday, the main contract of coking coal ** was reported at 825 yuan/ton, or 3.9%; the main contract of coke* was reported at 1,216 yuan/ton, or 3.93%; the main contract for iron ore was reported at 759 yuan/ton, a rise of 3.97%. The rebar main contract was reported at 3,287 yuan/ton, an increase of 2.53%. A long-lost Dayang line appeared.

Recently, the volatility of iron ore has been fierce, and the decline in the upside has tested investors' psychological endurance. Judging from the positions held on Monday, CITIC and other seats are more reliant on the addition of iron ore and coke, which also seems to indicate Tuesday's rally. Analysts said that market sentiment is overly pessimistic about coal-coal steel, and when bearish expectations are too consistent, the market tends to reverse.

Analysts said yesterday that the rebar has rebounded sharply and there has been no major change in the actual fundamentals. A slight decline in inventories reflects the release of terminal demand. However, the release of demand is still a traditional seasonal reason. No unexpected demand will arise. Rebar has been losing for more than two months, and the space for its own continued decline has been limited, so it is reasonable to see a technical rebound in the current position. However, the overall market sentiment is still cautious, do not think there will be a big change in the future demand, spot prices will be pulled up very cautious.

The daily limit of mining was pulled yesterday, and the volatility was significantly increased in recent days. However, the fundamentals are still weak, stocks continue to rise, steel mills' financial conditions have not improved, and it is unlikely that the mine will be significantly mined. In the earlier period, due to the fact that more minerals were distributed during the period, it is not ruled out that some steel companies will buy more on the **, but will inevitably reduce the amount of future spot purchases. With yesterday's contract, the mine 1405 contract has already risen relative to the spot price of the port, the action of the steel mills to buy the period mine will obviously weaken. At this time, there are obviously major capital operations on the minerals, and they have repeatedly washed out and began to wash the retail market. In the absence of significant improvement in the fundamentals, the main funds are being pulled up for better short selling. If the mainstream spot mines in the port have not risen by more than RMB 30/t in recent days, the market will return to the bearish trend.

Analysts from the China International ** Guangzhou Sales Department said that the coke limit on Tuesday was mainly due to the expectation of restocking. Recently, the spot price of coke has continued to fall. Most coking plants have been in a loss situation. Coke stocks have also increased for several weeks in a row. The average coke inventory of coking plants below 1 million tons has dropped by 24,400 tons to 15,900 tons. The supply and demand situation of coke has improved slightly. . The total inventory of coking coal in sample steel mills and coking plants has dropped to a lower-than-average level of 9.956 million tons. If the latter steel mills continue to increase production, there will be a round of restocking of coking coal. However, this palliative approach will only make the market short-lived.